Nowadays many people choose to be self-employed, rather than to work for a company or organisation. Why might this be the case? What could be the advantages and disadvantages of being self-employed?

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Self-employment is becoming attractive nowadays. Many
people
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prefer
this
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path over being an employee. In
this
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essay, I will discuss the pros and cons of being self-employed. An increasing number of individuals are moving away from working for companies and gravitate toward having their own
business
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or working as freelancers. Being self-employed has many advantages.
First
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, it gives the person flexibility regarding working hours.
For example
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, if someone is working for a company, they will be committed to come to work at a certain time and leave at a certain time.
This
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makes it hard sometimes to manage personal commitments, like dropping and picking up children from school.
Second
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, having a private
business
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can have unlimited potential for growing wealth.
For instance
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, Jeff Bezos started a small company selling books online, and as Amazon grew in size, he became one of the richest
people
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in the world.
Third
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, some
people
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don't like working for someone else and having a boss.
Hence
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, self-employment gives them the opportunity to do what they like without the downside of being managed.
On the other hand
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, there are several disadvantages of having your own
business
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.
Firstly
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, there is no regular stream of income ,especially at the beginning.
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can be very frustrating for a household responsible to feed a family.
Secondly
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, there is no clear career path.
This
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ambiguity and lack of structure are not easy for anyone to manage.
Thirdly
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, being employed by an organisation comes with many benefits which self-employed
people
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are deprived of.
For example
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, airline companies employees enjoy the perk of travelling on standby for free.
Moreover
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, all companies offer health insurance which can be very expensive for someone managing their own
business
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. In conclusion, self-employment can be very attractive for some
people
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for the benefits discussed above.
However
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, there are some drawbacks which makes some
people
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uncomfortable with it. I believe both paths offer good potential and
people
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should choose according to their preferences.
Submitted by mariam.elmenabawy on

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Topic Vocabulary:
  • self-employment
  • freelancing
  • entrepreneurship
  • autonomy
  • financial stability
  • work-life balance
  • financial insecurity
  • lack of support
  • resources
  • long working hours
  • uncertain income
  • job security
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